After a yearlong delay and the threat of further setbacks, it appears New Jersey may in fact play host to its first Formula 1 race come 2014.

Race organizers have submitted the official application to the Automobile Competitions Committee for the United States in 2014, and the state has secured a spot on a draft of the sport's annual calendar, according to a report on NBC Sports.

The first draft of that calendar, which came out earlier this month, did not include mention of New Jersey and the Grand Prix of America at Port Imperial. At the time, organizers said that was because they had not yet submitted their application to the competitions committee.

In a statement to NBC Sports, a representative for the race confirmed the application had been "completed and submitted, as planned."

The official calendar will not be approved until the World Motor Sport Council meets at the end of this month, but this marks a giant step forward for the race, which could bring some 100,000 spectators to the Garden State.

The 2013 race was meant to kick off a decade of consecutive Grand Prix events in Weehawken and West New York. But last October, organizers pulled the plug on the race, pushing it off until 2014 because of financial and construction issues.

Then, in August, the prospects for a 2014 race looked to be in peril after F1 chief Bernie Ecclestone told CNN the New Jersey race was "not on the cards for next year" because organizers "haven't got any money."

If the calendar is approved later this month, New Jersey can start revving its engines for summer 2014.